Weighted mean price of a book

Assignment Help Basic Statistics
Reference no: EM131044766

Paperbacks are $1.15 each, and hardcover books are $3.70. Of the 100 books sold last Tuesday morning, 95 were paperback and the rest were hardcover.

What was the weighted mean price of a book?

Reference no: EM131044766

Questions Cloud

What is the new price of the bond if interest rates : You find a bond with 15 years until maturity that has a coupon rate of 8.0 percent and a yield to maturity of 7.1 percent. Suppose the yield to maturity on the bond increases by .25 percent. 1. What is the new price of the bond using duration? What i..
Estimate the proportion of patients : A statistician for a pharmaceutical company wants to estimate the proportion of patients who experience dizziness as a side effect by taking a sample of patients. How large of a sample size is needed to estimate this proportion to within 2% at the..
Consider a gaussian mixture model : Discuss the analogy between the K-means clustering algorithm and the EM algorithm for fitting this mixture model in detail. Show that in the limit σ → 0 the two methods coincide.
Calculate the appropriate down payment : The salesperson offers, "Buy this new car for $25,000 cash or, with appropriate down payment, pay $500 per month for 48 months at 8% interest." Assuming that the salesperson does not offer a free lunch, calculate the "appropriate" down payment
Weighted mean price of a book : Paperbacks are $1.15 each, and hardcover books are $3.70. Of the 100 books sold last Tuesday morning, 95 were paperback and the rest were hardcover. What was the weighted mean price of a book?
Percentage return and what was the true annualized return : You buy a stock for $56. After a month the price rises to $64 but falls back to $56 at the end of the second month. What was the average percentage return and what was the true annualized return?
Rate a set of variable related to demographics and geography : Your task is to rate a set of variables related to demographics, geography, economics, physical infrastructure, and communications infrastructure which may affect the marketing of M-Box in that country, and to justify each rating.
Identify the independent and dependent variables : Question: Identify the independent and dependent variables and at least one potentially confounding variable. State how the confounding variable(s) might be controlled.
Calculation when determining fixed factory : Prepare an income statement for the year ended December 31, through the gross profit for Baxter Company using the following information. Baxter Company sold 8,600 units at $125 per unit. Normal production is 9,000 units. (Do not round fixed overhe..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Example of hypothesis test

Provide an example of a hypothesis test you could perform at work or at home. State what the Null and the Alternative hypotheses would be in your test.

  The coack takes a random sample of 43 players and finds the

a basketball coach wants to know how many free throws an nba playrs shoot during the course of an advantage pratice.

  What is the probability that an order does not request more

orders for a computer are summarized by the optional features that are requested. the proportion of orders with no

  Mandatory or voluntary water restrictions

In 2002, Colorado experienced a drought and many towns on the front range issued either mandatory or voluntary water restrictions on outdoor watering. The data file drought .txt contains data from five front range towns on their June 2001 and June..

  Coefficient of variation of flows

The probability of a river flow exceeding 2,000 cubic meters per second is 15% and the coefficient of variation of these flows is 20%. Assuming a normal distribution calculate

  What is the area under the normal curve between z -10 and

what is the area under the normal curve between z -1.0 and z

  What sample size would be needed to ensure that we could

a sample of 9 production managers with over 15 years of experience has an average salary of 71000 and a sample standard

  Find probability that given class period runs less

A statistics professor plans classes so carefully that the lenths of her class are uniformly distributed between 50.0 and 52.0 minutes. Find the probability that a given class period runs less than 51.5.

  How to conclude-temperature has effect on eating behavior

The daily food consumption for the sample averages 18.7 with SS=2475. Using a two-tailed test at the .05 level, can the researcher conclude that temperature has an effect on eating behavior?

  Calculate a 95 confidence interval for the population mean

suppose that a random sample of 100 public owner controlled companies in new zealand is found to give a mean audit

  Graph the points from 1998 through 2005 on a scatter

a store wishes to predict net profit as a function of sales for the next year. the following table gives the years 1998

  Suppose referendum to increase funding for education is on

suppose referendum to increase funding for education is on the ballot in a large town population over 100000. an exit

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd